Need a higher transfer limit or lower fees? Explore alternative services to WorldRemit.
Pros
- Simple, easy-to-use site helping you make a transfer in minutes.
- Choose from bank-to-bank transfers, cash pickups and mobile top-ups.
- Transfer to more than 140 around the world.
Cons
- The higher your transfer, the greater the transfer fees
- Not available to residents of Louisiana or New York.
- Requires government-issued ID after your first transfer.
If Worldremit isn’t offered in your area, you need a higher transfer limit, or you want a cheaper option, read on to find alternatives.
Services to receive cash
1. OFX
OFX offers transfers and exchanges to 195 countries in 55 currencies. With a solid exchange rate — about 0.4% above the mid-market rate — and no transfer fees, OFX is good for business in exports. But transfers are limited to bank-to-bank only, so you may need to look elsewhere for cash pickups.
Pros
- Competitive exchange rates and no transfer fees.
- Available in 195 countries and 55 currencies.
- Offers scheduled and recurring transfers.
Cons
- Bank-to-bank transfers only — no cash pickups.
- New accounts require verification by phone.
2. World First
World First transfers your money to almost anywhere and offers competitive exchange rates on transfers of $1,000 or more. Like WorldRemit, World First is good for large transfers, but you’ll need to transfer more than $10,000 to avoid its $10 fee.
With no transfer limit and a high minimum transfer of $1,000, World First is good for large overseas transfers.
Pros
- Competitive exchange rates and no fees for transfers more than $10,000.
- Offers spot contracts, forward contracts and hedging options.
- Rate lock available for up to three years.
Cons
- High minimum transfers of $1,000 or more.
- Two-step process can mean up to six days for delivery.
- Social Security number and government-issued ID required.
3. XE Money Transfer
Like World Remit, XE offers transfers to more than 35 countries. But XE offers free transfers and competitive exchange rates — a better deal than WorldRemit. But WorldRemit offers cash transfers, mobile top-ups and bank-to-bank transfers, more options than XE’s bank-to-bank transfers.
Pros
- One of the largest transfer companies in the world.
- Competitive exchange rates and no fees on any transfers.
- No minimum or maximum transfer amount.
Cons
- Rate comparison tool not available until after you’ve registered with the site.
- Bank-to-bank transfers can take up to three days.
XE (Deals)
XE: $0 fees and commissions
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4. Transferwise
Like WorldRemit, fees with TransferWise vary by where you transfer your money and how much — and you’ll pay more the more you send. But this peer-to-peer money transfer company allows individuals to send as much as $49,999 daily, and businesses up to $200,000.
But TransferWise has drawbacks. With only bank-to-bank transfers, you could wait up to five days for your transfers.
Pros
- Easily sign up to start transferring money in minutes.
- Transfer from $1 to $199,999 or more, depending on your account.
- Get a strong mid-market exchange rate with no hidden fees.
Cons
- Transfers to bank accounts only with no cash pickup option.
- Can take up to five days for a transfer.
- Social Security number required.
5. Western Union
Around for more than 160 years, Western Union continues to make transfers easy to more than 500,000 locations around the world. Like WorldRemit, you’ll pay fees for each transfer, determined by where you’re sending and how much you send. Both Western Union and WorldRemit allow cash pick ups, bank-to-bank transfers and credit and debit card payments, making quick and easy transfers.
Pros
- Trusted provider since 1871.
- Transfer to more than 500,000 locations around the world in minutes.
- Competitive live exchange rates updated regularly.
- Transfers using credit or debit cards, cash and banks.
Cons
- Can be more expensive than other transfer companies
- Weak exchange rates 5% more than the mid-market rate.
6. Moneygram
The second-largest international money transfer service in the world, MoneyGram has more than 350,000 agents worldwide. Like WorldRemit, you’ll pay a fee for every transfer, with rates depending on where and how much money you send. But MoneyGram sends money to more than 200 countries and territories — more than WorldRemit.
WorldRemit allows transfers as high as $9,000, making it better for business transactions and payments for exports.
Pros
- Extensive global network of 350,000 agent locations.
- Large pool of services for sending and receiving money.
- Secure and reliable.
- Fast transfers, with same-day service in many locations.
Cons
- Maximum online transfer amount of $6,000.
- Fees vary depending on payment type and transfer destination.
- Transfers must be made in US dollars sent only from the US.
- Local exchange rates vary by transfer destination.
7. Walmart
Known for its retailing business, Walmart offers money transfer services to over 190 countries thanks to a partnership with MoneyGram. Funds can be picked up at any Walmart in the US or Puerto Rico or sent to any one of MoneyGram’s 350,000 agents around the world. But WorldRemit offers bank-to-bank transfers, cash and mobile top-ups in some countries —Walmart only allows cash transfers of $6,000 or less.
Pros
- Widespread network of agents gets your money where it needs to go.
- Transfer to more than 190 countries.
- Efficient transfers in as little as 10 minutes.
Cons
- Cash pickups only.
- Rates and fees depend on destination.
8. Travelex
Around since 1976, Travelex sends international money transfers to 50 countries worldwide. Travelex is better than WorldRemit for large transfers — with no maximum transfers and a flat $5 fee for transactions of $5,000 or less — and no fee for larger transactions. If you want to make cash transfers, WorldRemit is a better choice. Travelex doesn’t offer cash pickups at any locations — even at official Travelex storefronts.
Pros
- Flat fee of $5 for transactions less than $5,000, and no fee on larger amounts.
- Exchange to more than 45 different currencies.
- Home delivery available in some locations.
Cons
- Exchange rates not always the most competitive.
- No cash payments or cash pickups allowed.
- High $500 minimum transfer.
9. Sharemoney
Sharemoney is a part of the Omnex group, a company that has specializes in money transfers for more than 25 years. Like WorldRemit, transfer fees depend on how much you send and to where. But Sharemoney limits its transfers to $9,999 a day to South America, Asia and the Caribbean. If you want to transfer to more places, WorldRemit could be the better option.
Pros
- Exchange rate calculator helps you see just how much money you’ll get for your dollar.
- Fast and easy service.
- Door-to-door delivery in as little as 48 hours.
Cons
- Limited transfers to the South America, Asia and the Caribbean — and only offers service to 36 of the 50 United States.
- Exact location must be specified for cash pickup.
- Not ideal for large transfer with a daily limits of $9,999.
10. Ria
In business for more than 30 years, RIA is a global monetary transfer network with more than 240,000 agent locations in 130 countries. Like WorldRemit, Ria’s fee structure is like WorldRemit’s — what you pay depends on where and how much you send.
WorldRemit is better for larger transfers — Ria’s maximum transfer amount it $3,000 a day.
Pros
- Quick transfers, especially great for cash pickup.
- Use a debit card, credit card or bank account to pay for your transfer.
- With 240,000 agent locations in 130 countries, Ria is the third-largest provider of international money transfers worldwide.
- Exchange rates are stronger than most US banks.
Cons
- Maximum daily transfer limit of $3,000 may deter customers who need to transfer larger amounts.
- Prepare to pay a transfer fee that varies depending on your transaction.
- Ria does not offer forward contracts or limit orders.
11. TorFX
TorFX is a strict money exchange and transfer company that focuses on getting your funds where they need to go quickly. But unlike WorldRemit, you can only make bank-to-bank transfers to other TorFX accounts. But with no fees and competitive exchange rates, TorFX could be the cheaper option.
Pros
- Competitive exchange rates up to 5% less than banks.
- No fees for transfers to more than 60 countries.
- Fixed exchange rate protection.
- Consult with currency experts.
Cons
- Minimum of $150 transfers.
- Only allows bank-to-bank transfers.
- Site doesn’t offer easy access to info.
12. Currencies Direct
Like WorldRemit, Currencies Direct offers no daily limit on transfers in more than 35 currencies. But Currencies Direct does so without charging fees on most transactions and offers competitive exchange rates.
Currencies Direct is a strong contender with its market orders, forward contracts, rate alerts and other tools to make your transfers easier and more affordable.
Pros
- No fees on most transfers and competitive exchange rates.
- Low $100 minimum transfer with no maximum limit.
- Worldwide service.
Cons
- Bank-to-bank transfers only.
- Does not support all currencies (though you can contact them if yours isn’t listed)
13. Xoom
Xoom is a leading provider in the digital money transfer market, offering transfers to 67 countries around the world — not as many as WorldRemit. Xoom streamlines money transfers without taking chunks out of your funds for commissions. Like WorldRemit, Xoom charges fees that depend on transfer amount, destination and payment method.
Xoom is a small international network and only offers a daily maximum of $3,000. You may need to look elsewhere for larger transfers.
Pros
- Specializes in international money transfers for more than 14 years.
- Send as little as $10.
- Money-back guarantee if your transfer doesn’t work out.
Cons
- Transfer fees vary depending on methods, amount and destination.
- Sends to inly 67 countries.
- Low $2,999 maximum.
14. Currency Online
Currency Online has been making international transfers since 1986, and was one of the first to offer online transfers in 1997. It continues to offer competitive exchange rates and cuts the usual banking fees out of the picture. But with transfers in only 25 currencies and only bank-to-bank transfers, WorldRemit offers more options for your transfers.
Pros
- Offers multiple services like spot contracts and market orders.
- Quick turnaround in 1 to 4 days.
- 24-hour customer service.
- No minimum transfer.
Cons
- Bank-to-bank transfers only.
- Not available in the US, Quebec (Canada) or Japan.
15. Paypal
You likely know PalPal’s digital service for online purchases, but you may not know that it supports wireless overseas transfers. Like WorldRemit, PayPal transfers up to 20 currencies across more than 200 countries and territories. It’s fee structure is like WorldRemit with fees depending on location, method and amount of your transfer. But you’ll get a better rate if you have a PayPal credit card or account.
Pros
- Transfers up to $10,000 to more than 200 countries and territories.
- Offers recurring payments.
- Transfer in less than five minutes.
- Multiple digital safeguards in place to protect against fraud and hacking.
Cons
- Better for smaller transfers — the more you send, the more you pay in fees.
- Exchange rates start at 2.5%.
Looking for a service with lower transfer fees?
Take a look at these services with low flat fees:
XE Money Transfer
XE specializes in a wide range of foreign currency solutions and offers an affordable solution when you need to send money overseas.
- Send money to 170+ countries.
- Competitive exchange rates that are often better than banks.
- Transfer up to $500,000 online.
- See exchange rates in real-time.
Compare minimum and maximum transfer limits
| Provider | Minimum transfer amount | Maximum transfer amount |
|---|---|---|
| OFX | $150 | No limit |
| XE | $0 | No limit |
| World First | $250 | No limit |
| WorldRemit | $1 | $9,000.00 |
| Travelex International Payments | $500 | No limit |
| TorFX | $200 | No limit |
| Currency Online | $0 | No limit |
| Western Union | $1 | $50,000.00 |
| TransferWise | $1 | $36,000.00 |
| Xoom | $1 | $2999.99 |
| MoneyGram | $250 | $2999.99 |
| RIA | $1 | $2999.99 |
